A Preview Of Eastern Bankshares's Earnings
Portfolio Pulse from Benzinga Insights
Eastern Bankshares (NASDAQ:EBC) is expected to report Q4 earnings on January 25, 2024, with an estimated EPS of $0.20. Investors are looking for an earnings beat and positive guidance for future growth. The company's past earnings performance shows mixed results with both beats and misses, sometimes followed by significant stock price changes. Over the last year, EBC shares have declined by 19.73%, indicating potential concern among long-term shareholders ahead of the earnings report.
January 24, 2024 | 3:00 pm
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Eastern Bankshares is anticipated to release its quarterly earnings with an expected EPS of $0.20. Historical performance shows volatility in stock price post-earnings. Long-term shareholders may be apprehensive due to a 19.73% decline over the past year.
The short-term impact on EBC's stock price will likely hinge on whether the company beats the earnings estimate and provides positive future guidance. However, given the mixed historical price reactions and the overall negative trend over the past year, the impact is uncertain. The score is neutral (0) because while an earnings beat and positive guidance could lead to a positive reaction, the recent downward trend and past negative reactions to earnings beats suggest caution.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100